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Goodyear Tire & Rubber Co (NAS:GT)
EV/EBIT
14.94 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Goodyear Tire & Rubber Co's enterprise value is $13,681 Mil. Goodyear Tire & Rubber Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $916 Mil. Therefore, Goodyear Tire & Rubber Co's EV/EBIT ratio for today is 14.94.

GT' s EV/EBIT Range Over the Past 10 Years
Min: -143   Max: 79.9
Current: 14.67

-143
79.9

During the past 13 years, the highest EV/EBIT Ratio of Goodyear Tire & Rubber Co was 79.90. The lowest was -143.00. And the median was 9.10.

GT's EV/EBIT is ranked higher than
51% of the 1028 Companies
in the Global Rubber & Plastics industry.

( Industry Median: 12.76 vs. GT: 14.67 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Goodyear Tire & Rubber Co's enterprise value for the quarter that ended in Mar. 2016 was $13,681 Mil. Goodyear Tire & Rubber Co's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was $916 Mil. Goodyear Tire & Rubber Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 6.70%.


Definition

Goodyear Tire & Rubber Co's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=13680.836/916
=14.94

Goodyear Tire & Rubber Co's current Enterprise Value is $13,681 Mil.
Goodyear Tire & Rubber Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 434 (Jun. 2015 ) + 533 (Sep. 2015 ) + -409 (Dec. 2015 ) + 358 (Mar. 2016 ) = $916 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Goodyear Tire & Rubber Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Mar. 2016 )=EBIT (TTM)/Enterprise Value (Q: Mar. 2016 )
=916/13680.7012
=6.70 %

Goodyear Tire & Rubber Co's Enterprise Value for the quarter that ended in Mar. 2016 was $13,681 Mil.
Goodyear Tire & Rubber Co's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2016 was 434 (Jun. 2015 ) + 533 (Sep. 2015 ) + -409 (Dec. 2015 ) + 358 (Mar. 2016 ) = $916 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Goodyear Tire & Rubber Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 23.5710.428.25-133.7017.626.878.598.1810.7712.34

Goodyear Tire & Rubber Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ev2ebit 8.1810.8810.969.2510.777.918.087.2112.3414.94
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